Dell, Inc.sells surplus, refurbished, or closeout computer merchandise at its dellauction.com website to many buyers who bid sequentially.This is an example of a(n)
A)reverse auction.
B)traditional auction.
C)bidder's war.
D)industrial fire sale.
E)webfront auction.

Question

Quizplus · Accepted Answer

This is an example of a traditional auction where multiple buyers bid sequentially to purchase items, and the highest bidder wins.

Dell, IncSells Surplus, Refurbished, or Closeout Computer Merchandise at Its Dellauction